Androscoggin Reports Results from Annual Meeting

Lewiston, MAINE – February 1, 2010 – Chairman Dermot T. Healey welcomed the Board of Directors, Corporators and employees to the 140th annual meeting of Androscoggin Bancorp, Mutual Holding Company (MHC), held at the Ramada Conference Center in Lewiston on January 26, 2010.

Bank President and Chief Executive Officer, Steven A. Closson, reported that at year end, Androscoggin Bank’s loan portfolio totaled $567 million, representing nearly a 7% increase over 2008.  Also at year end, total deposits were $470 million and assets were $674 million, representing increases of roughly 11% and 5%, respectively. ... read more 

Androscoggin Bank Announces New Succession Plan

Lewiston, MAINE – January 29, 2010 – Androscoggin Bank, a community leader in financial services, today announced its senior management succession plan.

With the strong endorsement and encouragement of the company’s Board, Androscoggin Bank is pleased to announce that Paul H. Andersen will assume the role of President and CEO effective January 1, 2012. ... read more 

Androscoggin Bank Announces “Free Shred Fridays”

Lewiston, MAINE – January 8, 2010 – Androscoggin Bank, a community leader in financial services, announced today that Maine residents can shred it up for free – at the bank and on Shawnee Peak.

Beginning January 8, Maine residents can shred their confidential documents for free on Fridays at any Androscoggin Bank location – and, in turn, get a $10 off lift ticket to shred the mountain later at Shawnee Peak. ... read more